Comerica Reaping The Benefits Of Its Unusual Business Mix

Investors continue to appreciate Comerica’s (CMA) strong leverage to this phase of the banking cycle, as the shares have continued to outperform peers even through this recent correction. Although loan growth remains lackluster, Comerica’s strong asset sensitivity remains a key driver, as does the company’s improving cost efficiency. There are certainly some cheaper names out there, but Comerica’s pre-provision income growth is likely to remain quite strong relative to its peers, and I can understand why growth-oriented would continue to want to own this name.

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Comerica Reaping The Benefits Of Its Unusual Business Mix